European Tax Scandal reaches U.S.

BERLIN, Feb. 27 (UPI) — Dozens of Germans have confessed to massive tax fraud via Lichtenstein as the affair widens to other countries, including the United States.

Besides Washington, the governments of Australia, Britain and France have announced they are checking whether their citizens were involved in the tax scandal, which got under way when Germany last week arrested Deutsche Post head Klaus Zumwinkel on charges that he funneled large sums of money to a Lichtenstein bank.

“Combating off-shore tax avoidance and evasion are high priorities for the IRS,” Linda Stiff, the Internal Revenue Service’s acting commissioner, said in a statement on Tuesday. “It should be clear from recent events that there is no safe hiding place for the proceeds of tax avoidance and evasion.”

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March 7, 2008 | Filed Under asset protection, tax havens 

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